Asia/Pacific
Keppel, Sojitz to collaborate on Asia-Pacific decarbonization and clean energy business opportunities
Keppel Ltd., through its Infrastructure Division, has signed a Memorandum of Understanding (MoU) with Tokyo, Japan-based investment and general trading company Sojitz Corp. with the intention to jointly pursue decarbonization and clean energy business opportunities in Asia-Pacific.
Hafnia Nile, tanker involved in fire, was carrying naphtha from Spain
The oil tanker Hafnia Nile, which caught fire after a collision with another vessel off Singapore, was carrying naphtha loaded from the company's energy park in Huelva, Spain.
China's first-half 2024 fuel oil imports slide 11% y/y
China's total fuel oil imports slipped 11% in the first half of 2024, data showed on Saturday, amid a backdrop of weak refining margins and poor fuel demand.
India's Reliance misses profit estimates on weak fuel sales margins
Reliance Industries, India's most valuable company, reported 1Q profit below analysts' estimates on Friday, hurt by lower margins on fuel sales.
Argentine biofuels chamber calls new U.S. biodiesel duties illegal
The U.S. Commerce Department slapped anti-dumping duties of between 60.44% to 276.65% on biodiesel from Argentina and Indonesia, on top of already steep anti-subsidy duties. The Argentine Chamber of Biofuels said that increased U.S. duties on Argentine biodiesel were "arbitrary and illegal" and would shut Argentina out of the market in the U.S.
JERA accomplishes world’s first truck-to-ship bunkering of ammonia fuel
JERA Co. Inc. said it has conducted the world’s first (as of July 17, as researched by NYK Line) truck-to-ship bunkering of fuel ammonia, to an ammonia-fueled tugboat (A-Tug) owned by NYK Line that is scheduled to be completed in late August 2024.
Sinochem shuts Shandong refineries 'indefinitely' on poor margins
State-run Sinochem Group has shut in two of its three east China oil refineries for an indefinite period of maintenance, as high crude oil costs and weak fuel demand hurt margins.
Canadian crude exports from U.S. Gulf Coast fall only slightly despite TMX startup
About 150,000 bpd of Canadian crude were exported from the U.S. Gulf Coast in June, slightly lower than average, despite the expansion of the Trans Mountain pipeline (TMX), which pulled some barrels west to Vancouver.
Japanese refiners urge early orders from airlines amid jet fuel shortage
The head of the Japanese petroleum industry has called for international airlines to provide flight schedules and jet fuel demand forecasts a year in advance as a solution to a jet fuel shortage at Japanese airports.
Update: Singapore middle distillates stocks surge on jet fuel imports
Singapore's middle distillates stockpiles rose more than 30% from last week, as a surge of jet fuel/kerosene total imports—mainly from India—offset gains in diesel/gasoil net exports.
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
- Day 2 of WGLC 2024 begins with Chevron speaker’s inspiring, relatable message 11/21
- MOL Group, KazMunayGas partner on exploring petrochemical production 11/21
- WGLC: Innovating AI adoption 11/21
- Solvay uses waste wood to power soda ash and bicarbonate plant in Germany 11/21
- Syensqo expands U.S. production capacity for advanced polymers 11/21
